EL 31784 Terrys Find Project Partial Surrender Report for the period 21 September 2018 to 29 September 2021

Abstract

EL 31784 (Project) is located approximately ~375km WNW of Alice Springs. Cerberus is assessing the potential of the Project for hydrothermal Au-Ag and Cu-Pb-Zn deposits, and alluvial Au deposits. Previous exploration and mineral development activities in the Project area have highlighted several Au-Ag occurrences and anomalies. A total of 29 sub-blocks were voluntarily relinquished from the Project on 29 September 2021, leaving 7 sub-blocks. Work on the relinquished blocks was limited to reviews of previous exploration activities and publicly available remote sensing and geophysical datasets. This work suggested that the relinquished blocks have low potential to host economic mineralisation, and no further work is recommended.